Doubleview Gold Corp. Closes Final Tranche of Non-Brokered Private Placement for Gross Proceeds of $7,181,400

Executive Summary

• Doubleview Gold Corp. closed the second tranche of its non‑brokered private placement, issuing 2,016,286 units at $0.70 each for gross proceeds of $1,411,400.
• Combined with the first tranche, total funds raised under the offering now equal $7,181,400, which will be used to advance exploration on the Hat polymetallic project and for general working capital.
• A director participated in the second tranche (350,000 units, $245,000), constituting a related‑party transaction exempt from MI 61‑101 valuation/approval requirements; finder's fees of $44,100 cash plus 63,000 non‑transferable warrants were also paid.

Key Details

• Units Issued – Second Tranche: 2,016,286 units @ $0.70 per unit = $1,411,400 gross proceeds.
• Unit Composition: Each unit includes one common share and one common share purchase warrant (exercise price $1.00, 24‑month term, accelerated expiry if TSX‑V price ≥ $1.25 for ten consecutive days).
• Total Offering Proceeds: First tranche + second tranche = $7,181,400 gross proceeds.
• Director Participation: Director subscribed for 350,000 units ($245,000), representing ~17.3% of the second tranche; treated as a related‑party transaction under MI 61‑101 but exempt from formal valuation/approval.
• Finder’s Fees: Paid to Research Capital Corporation – $44,100 cash plus issuance of 63,000 non‑transferable finder's warrants on the same terms as the unit warrants.
• Holding Period: All securities issued in the second tranche (including finder’s fees) subject to a statutory four‑month and one‑day hold period expiring 2026-03-19.
• Use of Proceeds: Primarily to fund exploration on British Columbia projects, especially the polymetallic Hat Project, and for general working capital.
• Regulatory Condition: Private placement subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

• “The proceeds from this financing will enable us to advance our exploration program at the Hat Project and support our broader growth initiatives,” – Farshad Shirvani, President & CEO.